The majority of enterprise players admit they are vulnerable to insider threats to their networks and a third have already become victims, according to new research. Insider threats are not always due to malicious, unprincipled employees. While it is possible that such staff members could access corporate data for sale or trade illegally, it is often accidental insider threats which are the source of data breaches -- such as in the case of Snapchat this year, when a cybercriminal posed as the firm's CEO Evan Spiegel in order to dupe HR into handing over staff payroll data. There are many reasons why insider threats can disrupt a business, including simple human error, falling for fraudulent emails, careless personal security of devices and data, or failing to keep personal devices which access corporate networks secure. According to Bitglass researchers, despite cybersecurity becoming more of a priority for today's businesses, the threat of insiders is still very much a core problem.
Security professionals in the enterprise are facing an uphill battle to maintain control of corporate networks. Data breaches and cyberattacks are rampant, sensitive information belonging to both companies and individuals is spilling unchecked into the underbelly of the Internet, and with the emergence of state-sponsored threat actors, it is becoming more and more difficult for organizations to keep up. It is estimated the cyberattacks and online threats will cost businesses up to $6 trillion annually by 2021, up from $3 trillion in 2015. Once cyberattackers compromise an enterprise network or cloud service, information can be stolen, surveillance may be conducted, or in some cases, ransomware attacks can lock down an entire operation and hold a business to ransom. However, new technologies are entering the cybersecurity space which may help reduce the financial cost and burden on cybersecurity professionals pressed for time and often operating with limited staff and budgets.
The Transform Technology Summits start October 13th with Low-Code/No Code: Enabling Enterprise Agility. Responding to cyberattacks takes the average company 20.9 hours, equating to over two working days. That's according to a new report from Deep Instinct, which found that 86% of security professionals don't have confidence that their fellow employees won't click on malicious links, allowing threats into an environment to initiate breaches. That's why organizations need to better position themselves to combat potential threats with a pre-execution, prevention-first approach," Deep Instinct CEO Guy Caspi said in a press release. Deep Instinct's report analyzed responses across 11 countries from 1,500 cybersecurity professionals who work for businesses with more than 1,000 employees.
In 2020, new problems emerged as a result of rising levels of remote employees using new and experimental methods to access sensitive information, as well as significant increases in e – commerce use as retail shops were closed throughout lockdowns. With new access policies and increased traffic, multiple cyber threats appear, necessitating the development of new strategies to counteract them. As a result of these developments, protecting your material, whether it's a web app, digital content stored in a decentralized cloud environment, or consumer data in 2021, will look quite different. Many elements of cybersecurity, on the other hand, would remain the same, only needing a more concentrated attempt to implement current policies and procedures. According to We Forum, "The far-reaching cybersecurity breaches of 2020, culminating in the widespread Solarwinds supply chain attack were a reminder to decision-makers around the world of the heightened importance of cybersecurity. Cybersecurity is a board-level issue now for many firms. As per the World Economic Forum's Global Risks Report 2021, cyber risks continue ranking among global risks. The COVID-19 pandemic has accelerated technological adoption, yet exposed cyber vulnerabilities and unpreparedness, while at the same time exacerbated the tech inequalities within and between societies."